Hi everybody this is Phil Town, this is Danielle Town and welcome to the

invested podcast where we talk about Warren Buffett style Charlie Munger style

investing going back to the great value investors that kind of started with

Ben Graham back in the 1930s and then have really been dramatically updated by

Warren Buffett and Charlie Munger and people like Minesh Pryde, Guy Spear and

Bill Ackman and David Einhorn and you and Phil Town and and Danielle Town my

daughter is learning to invest and that's what we're doing on this podcast is

learning to invest. Learning to invest in a way that is thoughtful and

mindful and careful and meant for people like me who have no idea what we're

doing and frankly are trying to find a way to get interested in what we're

doing yeah so and it's happening I think it's happening we're getting great

questions and comments to our email address which is questions at

investedpodcast.com and as everybody who's been listening to this knows we've

been doing valuation now for I don't know 20 episodes it seems like quite a

while and I think we're really circling into the really important stuff at

this point and we got a we got several actually really good questions that

we're gonna answer on the podcast probably over the next you know over the next

few weeks because there were some really good ones that are gonna take some

thought one of them dad that I want to ask first because I did not know what to

do with this wait wait before you ask that okay you said something that raised

my eyebrows back there a minute ago you just said we're gonna circle around to

the really important stuff off of valuation did you mean like the stuff we're

...